BSE and NSE give preliminary approval for 2-for-1 bonus shares

Bonus issue of 1:1 or betterCorporate Actions View source PDF Explain this filing

SANDUMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹161.15

prior close

₹161.80

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%-1.2% vs market

Iron & Steel peers, median of 9sector+0.4%-1.1% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.1 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.7

10m

+0.7

15m

+0.3

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7+0.5-1.2+0.4-1.1

Next day

-0.0+1.2-1.2-0.6+0.5

-2.0+0.9-3.0+0.1-2.2

-1.2+1.3-2.5+1.4-2.6

-0.7+0.6-1.3+1.2-2.0

-1.5+0.3-1.8+2.0-3.5

+3.0-1.1+4.1+1.8+1.2

15d

+15.4-2.6+18.0-2.5+18.0

+41.9-1.9+43.9-2.1+44.0

+36.2-1.0+37.2-0.1+36.3

+27.7-6.7+34.5-3.5+31.2

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BSE gave preliminary approval on 4 September 2025 and NSE did so on 15 September 2025 for 324,069,876 fully paid bonus shares of Rs 10 each. The company proposes 2 new shares for every 1 existing share, tripling its paid-up share count. Shareholder approval and other formalities are still needed before the shares are issued.

Likely market impact

Two free shares are proposed for each share held. Ownership percentage stays unchanged, while the tripled share count may lower the share price proportionately.